Showing 1 - 10 of 51
We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency … homothetic efficiency of consumption choices. It generalises Heufer's (2013) two-dimensional concept to arbitrary dimensions and …
Persistent link: https://www.econbiz.de/10010532589
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex …
Persistent link: https://www.econbiz.de/10011376656
We study risk-based selection into a voluntary unemployment insurance (UI) scheme. To disentangle behavioral effects … from selection, we exploit variation in the sign-up induced by an early retirement scheme embedded into the UI system. We … combine an event study with a differencein-difference approach applied to Danish register data to quantify the selection. We …
Persistent link: https://www.econbiz.de/10013274253
markets with small initial loss sizes, insurers may try to raise these in order to create demand for insurance. After having … defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not …
Persistent link: https://www.econbiz.de/10011456744
reform that permitted Dutch health insurers and hospitals to freely negotiate prices for elective procedures. Unlike previous … selection bias in our setting to identify the effect on quality of non-acute hip replacements. Using administrative data on all …
Persistent link: https://www.econbiz.de/10011823733
In this paper we employ techniques developed in spatial econometrics to analyse spatial patterns of technology diffusion, to detect clusters and to estimate theoretical models that incorporate space explicitly. These techniques correct for misspecifications resulting from the omission of spatial...
Persistent link: https://www.econbiz.de/10011335193
Because of heterogeneity across regions, economic policy measures are increasingly targeted at the regional level. As a result, the need for economic forecasts at a sub-national level is rapidly increasing. The data available to compute regional forecasts is usually based on a pseudo-panel that...
Persistent link: https://www.econbiz.de/10011343272
The econometrics literature proposed several new causal machine learning methods (CML) in the past few years. These methods harness the strength of machine learning methods to flexibly model the relationship between the treatment, outcome and confounders, while providing valid inferential...
Persistent link: https://www.econbiz.de/10012650104
We assess the predictive ability of 15 economic uncertainty measures in a real-time out-of-sample forecasting exercise for the quantiles of The Conference Board's coincident economic index and its components (industrial production, employment, personal income, and manufacturing and trade sales)....
Persistent link: https://www.econbiz.de/10013375365
This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to being in the one location, over being elsewhere. It is...
Persistent link: https://www.econbiz.de/10011372988